Why the Middle Class Needs a Basic Income — Market Mad House
America’s middle class needs a basic income because it is not making enough money.
To clarify, the average U.S. middle-class household income in 2016 was $78,442 a year, the Pew Research Center estimates. That sounds good until you realize that income is for everybody in the household.
The average American household size in America is 2.6 people, ArcGIS estimates. If you divide $78,442 by 2.6 you get an individual income of $30,170 a year.